I have just been watching Rich Schefren on his live screen feed 24 hour marathon. I logged in after the 23 hour mark and I am amazed at Rich's mental stamina because he is still thinking and talking very clearly.
While I was watching he gave advice on how to run a mastermind group.
This is what he said based on his experience of attending three brands of formal masterminding.
Size of group: Best to have about six to eight people in the group to bring in plenty of ideas to the mastermind group but not too many to make the process overwhelming.
Process: Divide the meeting into four segments of say 15 minutes each.
- The person seeking advice describes the process in as much detail as they can.
- The other mastermind group members ask their questions to find out more detail and to increase their understanding of the problem.
- Now that they are fully informed and understand, the mastermind group offer up suggestions and ideas to solve the problem.
- In the final segment, the person with the problem picks out the best ideas and makes a commitment to take certain action between this meeting and the next meeting.
Good advice from Rich Schefren on the running of the mastermind group and he made the important point that the group will hold the member accountable and that it is unacceptable to fail to implement and effectively waste the time of the group.
Interestingly the follow up question was about the people Rich Schefren turns to for advice and he nominated the following:
Mentors - Jay Abraham, Clayton Makepeace and Michael Masterson
Peers - Jeff Walker, Frank Kern and Mike Filsaime
I thought that this TV video stream was a bit of a gimmick when I first heard the idea but now there are 1069 viewers watching.